In a move to ease tensions with the European Union, China's Ministry of Commerce announced on Monday that communication channels with the EU concerning intellectual property issues remain \"always open.\"
The statement came after the EU filed a complaint with the World Trade Organization (WTO) earlier the same day. The complaint challenges China's judicial practices on standard essential patent (SEP) disputes, alleging that they are unfair to European companies holding key patents.
Responding to media inquiries, the Chinese Ministry of Commerce acknowledged receipt of the EU's consultation request on January 20. The ministry emphasized China's commitment to upholding WTO rules and its accession commitments, highlighting ongoing improvements in legislation and enforcement related to intellectual property rights (IPR) protection. \"China's achievements in this area have been widely recognized,\" the ministry stated.
China assured that it would address subsequent matters in accordance with WTO procedures and firmly safeguard its legitimate rights and interests. The ministry also expressed willingness to engage in dialogue with the EU to resolve the issues, underscoring the importance of cooperation in maintaining a fair and equitable global trade environment.
The dispute centers on SEPs, which are patents essential for compliance with an international technical standard. The EU argues that China's courts are restricting European patent holders from protecting their rights, potentially impacting innovation and competitiveness.
As China's economy continues to evolve, IPR protection has become a focal point for both domestic and international stakeholders. Enhanced collaboration between China and the EU on IPR issues could pave the way for smoother trade relations and mutual growth opportunities.
This development is particularly significant for business professionals, investors, and academics monitoring Asian markets and legal frameworks. It reflects the dynamic interplay between major global economies and the ongoing efforts to balance national interests with international trade norms.
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China says it's open to communication with EU on intellectual property
cgtn.com
